Pegasystems Inc. (NASDAQ:PEGA) CAO Efstathios A. Kouninis sold 728 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $49.73, for a total transaction of $36,203.44. Following the transaction, the chief accounting officer now directly owns 1,012 shares in the company, valued at $50,326.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Pegasystems Inc. (NASDAQ PEGA) traded up $0.40 during trading hours on Thursday, hitting $49.85. 246,500 shares of the stock traded hands, compared to its average volume of 331,368. The stock has a market capitalization of $3,850.18, a P/E ratio of 115.00 and a beta of 1.24. Pegasystems Inc. has a 12-month low of $34.05 and a 12-month high of $64.85.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm had revenue of $179.80 million for the quarter, compared to the consensus estimate of $200.15 million. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. analysts forecast that Pegasystems Inc. will post 0.26 earnings per share for the current year.
Several equities analysts have recently weighed in on PEGA shares. TheStreet downgraded shares of Pegasystems from a “b-” rating to a “c” rating in a research note on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Pegasystems from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $63.00.
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Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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